Question: gu.TU A DIVidend Payou Problem 4-8 Fleming, Inc. had a dividend payout ratio of 30% this year, which resulted in a payout of $80,000 in

gu.TU A DIVidend Payou Problem 4-8 Fleming, Inc. had a dividend payout ratio of 30% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was 8% this year and is expected to increase to 9% next year. If Fleming expects to have $305,100 available from next year's retained earnings, what percent increase is it forecasting in revenues? Round you answer to the nearest whole percentage. Ex % Feedback

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